OPEC Countries Provide a 100,000 bpd Increase in Oil Production for Month of July Iraq and Nigeria

A Reuters survey reported that OPEC’s (Organization of the Petroleum Exporting Countries) crude oil production rose by 100,000 bpd

Date Added
Wed 3rd Aug

July showed an increase in OPEC crude production that saw a 100,000 bpd increase to 33.41 million barrels per day in the month of July 2016. This shows OPEC crude production is now at its highest level since 1997 due to an increase in Iraq and Nigerian production for OPEC.